ECB’s Praet: ECB will retain very high degree of monetary support

In interview with L’Opinion on Wednesday, as cited by Reuters, ECB chief economist Peter Praet commented on the central bank’s monetary policy, as also on the economic outlook across the Euro area.

Key Quotes:

French eco performance astonishingly weak, labour market biggest issue

German debt maybe <60% GDP at a quicker pace than exp

German growth relies too much on external demand

ECB will retain very high degree of mon support

Not excessively pessimistic on negative rate duration